The Week Ahead: Tesla, General Electric, and Facebook to Report Earnings
A long list of companies across several sectors will report.
In the week ahead, we expect the most earnings reports from the second quarter.
By 2030, electric vehicles will account for 30% of the total autos sold globally; in 2020, electric vehicles only made up 3%. This growth will go beyond the auto industry and transform several different businesses. Tesla is one of our top picks in this rapidly growing space.
General Electric stands out as a top pick in the industrials sector for several reasons, including the company's aviation segment, its industry-leading installed base of equipment, and its cheap price tag. The narrow-moat company is well-positioned and holds major future earnings power.
Facebook gained an early victory after lawsuits from the Federal Trade Commission and 46 states and the District of Columbia were dismissed by federal judge James E. Boasberg on June 28. This is positive indication for the firm, and our analysts believe antitrust and other regulatory risks are manageable.
Reports from Merck (MRK), Altria Group (MO), Amazon.com (AMZN), Anheuser-Busch InBev (BUD), and T. Rowe Price (TROW) are expected on Thursday. We anticipate reports from Procter & Gamble (PG), Exxon Mobil (XOM), Chevron (CVX), and AbbVie (ABBV) on Friday.
Carole Hodorowicz does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.